Product Category

2020 Agribusiness Intensive - Demanding Times

The devastating drought has impacted a number of primary producer families to such an extent that they are in “survival mode” clinging on to their business, land and health. Consequently some primary producers are; reducing livestock numbers to their core breeding herd; completely destocking to protect the land and very scarce capital; not taking a risk on planting after two impossible cropping seasons; scaling back intensive livestock operations (piggeries, poultry and cattle feedlots) due to the oppressive cost of imported feed from other States; seeking financial support from the Government; looking at alternative income sources, such as the sale of timber or off-farm employment; and a significant number of dairy farmers are going out of business. By comparison many primary producers are weathering the drought and continuing to carry on their commercial activities.

The program for the 2020 Agribusiness Intensive is populated with sessions specifically targeted towards the key tax issues arising from ongoing primary production business transactions. There is a specific focus on how tax and other support measures may ameliorate the challenges faced by those primary producer families in “survival mode” and put them on the path to being viable again. The 2020 program includes:

• A comprehensive review of the agribusiness economic outlook including commodity price projections.
• Reviewing the range of issues that need to be considered in structuring agribusiness enterprises, succession and estate planning and how those transactions may be impacted by State and Federal taxation measures.
• Evaluating the taxation impacts on agribusiness activities being carried on in a corporate entity.
• Specific primary production deduction and income smoothing provisions.
• Understanding how to tax effectively structure employee remuneration and attracting employees to work in regional areas.
• Key issues that are on the ATO radar.
• Investing in agribusiness through a self-managed superannuation fund and reviewing strategies for attracting external investors.
• The taxation of non-farm receipts received by primary producers.
• Members of the ever-popular panel session will provide key insights into available financial and other support measures that may be accessed to ameliorate the impacts of the drought and other natural disasters.

This is the fifth year of the very successful Agribusiness Intensive. The two-day program will address key agribusiness taxation issues encountered by tax professionals and will provide attendees with tools to assist their clients to acquit their taxation obligations effectively.

Professional employees that earn above average income often require advice to ensure that they have an optimum and appropriate remuneration plan in place. Salary packaging can ensure that a professional employee is maximising the interaction between benefits that attract fringe benefits tax (FBT), receive concessional tax treatment or are exempt from FBT.
This session will cover:

• Principles of tax effective salary planning
• Key features of FBT
• Common benefits that attract FBT including:
  • Car fringe benefits
  • ‘In-house’ fringe benefits
  • Living away from home allowance
  • Property and expense payment fringe benefits
• Reportable fringe benefits
• From an employer’s perspective, the difference between employee ‘remuneration’ and ‘wages’ for a business’ payroll tax compliance.

Presented by Stewart Williams, Deloitte and Marie Kenny, Deloitte

Register for the FULL series with our Individual subscription or Company subscription!

A high proportion of individual taxpayers claim a substantial amount of work related deductions and naturally the Australian Tax Office wants to ensure that taxpayers are not claiming income tax deductions that they are not entitled. Various substantiation requirements need to be satisfied while in some cases expenses do not have to be fully substantiated. This topic will cover:

• Determining the “nexus” between expenditure and the derivation of assessable income.
• Understanding which expenses need to be fully substantiated and which do not.
• Ensuring that you understand when travel expenses can be claimed as a work related expense.
• Identifying when food and accommodation expenses may be deductible to employees.
• Other work related deductions.
  

Presented by Trevor Pascall, CTA, Crowe Horwath

Register for the FULL series with our Individual subscription or Company subscription!

Tax professionals are called upon to provide taxation advice on an extensive range of client related tax issues. This series of seminars, built around six key client types, has been specifically catered to engage young tax professionals in exploring, in greater depth, common issues that that most practitioners will encounter in their professional work. Each session is supported by practical, challenging case studies, demonstrating application of taxation law to the client issues presented.

Authored and delivered by practising experts, the series is intended to enable young tax practitioners to gain a deeper understanding of the application of the law to a range of common client issues and expand their current knowledge base.

Registration options

• Individual subscription: choose to be automatically registered to attend each of the 6 sessions
• Company subscription: share 6 credits with your colleagues over the year and nominate who will be attending each session.
• Individual sessions: tailor your attendance by simply registering for your preferred session/s (see schedule below)

Please note this is a paperless event, the materials will be emailed to you the week prior to each session.
All subscriptions are valid for 2019 only.

The Tax Institute’s Women in Tax Network and its Queensland Women’s Tax Collective proudly introduce the next Women in Tax ‘Inspiring Leaders’ lunch, with our honoured guest, Raynuha Sinnathamby.

To describe Raynuha Sinnathamby as a quiet achiever could be somewhat of an understatement given the enormous contribution she has made over many years to the Property Industry and the communities of Greater Springfield and South East Queensland generally.

As Managing Director of Springfield Land Corporation (now Springfield City Group) since 2013, Raynuha has overseen some of the key development phases in the 27 years of the project, resulting in the development of a sustainable and diverse community of over 42,000 residents. The Group is also striving to create 50,000 local jobs.

After completing her law and arts degrees at The University of Queensland, Raynuha began her career working as a property lawyer in Brisbane before accepting an offer from her father, Maha Sinnathamby, to put her skills to work in the family business in 1998. Raynuha has been intricately involved in the success of Greater Springfield since that time.

Raynuha’s leadership and industry contribution was acknowledged in 2013 when she was the second female to be appointed as president of a leading Industry Group in Queensland.

This event will give you the opportunity to hear from Raynuha Sinnathamby and learn from her about leadership experiences, the importance of resilience and what drives her to excel in an industry that struggles with diversity.

Raynuha, embodies what an Inspiring Leader is, and we are honoured and delighted that she has agreed to share her experiences with us